749

Lake Erie Transportation Co. 1890 Specimen Bond Rarity

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:140.00 USD Estimated At:250.00 - 375.00 USD
Lake Erie Transportation Co. 1890 Specimen Bond Rarity
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[?]Live Online Auction Starts In 2021 Aug 04 @ 11:00 (UTC-5 : EST/CDT)
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The auction will take place on August 4, 2021 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 11:00 AM
Michigan, 1890. $1000 Specimen 6% First Mortgage Coupon Bond, Black text with ornate green border and undertint, Large ship at sea at top center. Red specimen overprints, 0000 serial number and POCs. VF condition, ABNC. The Lake Erie Transportation Company, commonly known to marine men as the Wabash Lake Line, was owned and operated by the Wabash Railroad Company. A. W. Colton, of Toledo, was president and general manager, and R. H. Hebard, the agent at Buffalo. The company's principal trade, east, consisted of grain and flour; and west, of general merchandise, connecting at Buffalo with the Erie, Lehigh and Lackawanna railroads. The Wabash line owned and operated the steamers: Geo. J. Gould, S. C, Reynolds, Russel Sage, and John C. Gough. When the steamer Gould was built in 1893, the A. L. Hopkins, formerly owned by the company, was taken in trade by the Union Dry Dock Company, of Buffalo. The steamer Morley, also one of its boats, went ashore at Grand Marie, Lake Superior, in 1887.